Mylan (MYL) Offering Possible 10.38% Return Over the Next 19 Calendar Days

Mylan's most recent trend suggests a bullish bias. One trading opportunity on Mylan is a Bull Put Spread using a strike $48.00 short put and a strike $43.00 long put offers a potential 10.38% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $48.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $43.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Mylan is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Mylan is bullish.

The RSI indicator is at 68.12 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Mylan

Actavis Acquires Forest Labs For Brand-Name Drugs
Mon, 02 Jun 2014 22:03:00 GMT

[$$] Mylan, Pfizer Settle on Generic Celebrex
Mon, 02 Jun 2014 11:49:05 GMT

/C O R R E C T I O N — Mylan Specialty L.P./
Mon, 02 Jun 2014 11:30:00 GMT
PR Newswire – In the news release, Pro Football Player Adrian Peterson is Calling on Americans to be Ready2Go™ and Learn How to be Aware and Prepared for Anaphylaxis, issued 02-Jun-2014 by Mylan Specialty L.P. over PR Newswire, the link in the second paragraph should direct to http://www.multivu.com/players/English/7162231-mylan-ready2go-mvp-draft-anaphylaxis-preparedness/ as originally issued incorrectly by PR Newswire. Pro Football Player Adrian Peterson is Calling on Americans to be Ready2Go™ and Learn How to be Aware and Prepared for Anaphylaxis PITTSBURGH, June 2, 2014 /PRNewswire/ — Mylan Specialty, the fully integrated specialty pharmaceutical business of Mylan Inc. (MYL), and pro football player Adrian Peterson today launched Ready2Go™, a new campaign to educate those affected by severe allergies about what to do if a life-threatening allergic reaction, or anaphylaxis, happens. “Since sharing my own experience with anaphylaxis, I've had too many people with severe allergies tell me that they aren't sure they'd know how to respond if they experienced anaphylaxis,” said Adrian Peterson, 2012 MVP and EpiPen® (epinephrine) Auto-Injector carrier, who didn't know he had a severe allergy until he personally experienced anaphylaxis just two years ago.

7:06 am Mylan Labs enters into a settlement and license agreement with Pfizer (PFE) for Celecoxib; Mylan will begin selling product at the earliest market formation, however in any case not later than Dec 2
Mon, 02 Jun 2014 11:06:00 GMT

Mylan settles patent litigation related to Celebrex capsules with Pfizer
Mon, 02 Jun 2014 11:03:55 GMT

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